Kepler Cheuvreux Lifts Viaplay to Buy After Dutch Sale, Cites Deleveraging and Nordic Concentration
Kepler Cheuvreux upgraded Viaplay from Hold to Buy and nudged its price target to 1.50 Swedish crowns from 1.45 after Viaplay agreed to sell its Dutch unit to DPG Media-owned Videoland for roughly 1.6 billion crowns. The broker sees the transaction as financially constructive - freeing cash to reduce leverage - while narrowing the company’s strateg…